Lode Gold Commences Engineering Studies at Fremont Gold Mine, Mariposa, CA

Lode Gold Resources Inc. has launched technical engineering studies and a Project Readiness Engineering and Economic Evaluation (RPEEE) for its Fremont Gold Mine in Mariposa County, California. The initiative seeks to establish a technical baseline, identify data gaps, and provide recommendations for future NI 43-101 reporting, mine planning, and economic studies.

The company also released an updated 2026 Mineral Resource Estimate (MRE) for the asset. At a 1 g/t Au cut-off, the estimate indicates 1.11 million ounces of gold in the Indicated category and 1.98 million ounces in the Inferred category.

Historical infrastructure at the site includes approximately 43,000 meters of drilling, 14 adits, two shafts, and approximately 23 kilometers of underground workings. The asset is situated on more than 3,000 acres of 100% owned private and patented land designated as an Opportunity Zone.

Lode Gold Resources Inc. (LOD) released an announcement that serves as a direct, expected follow-up to its May 14, 2026 Mineral Resource Estimate (MRE) update and the April 13, 2026 announcement of a 3,500m Preliminary Feasibility Study (PFS) drilling program. The release confirms that management is executing on its stated roadmap to fast-track the project toward a PFS by Spring 2027.

The resource figures and engineering scope presented are consistent with prior guidance and do not introduce new valuation drivers or unexpected catalysts. The market has already priced in the MRE update and drilling plans, representing routine, incremental progress rather than a fundamental shift in project economics or timeline.

Lode Gold Resources Inc. is a junior exploration and development company focused on the Fremont Gold Mine in Mariposa County, California. The project is a brownfield operation on the Mother Lode Belt, which historically produced 125,000 oz of gold between 1859 and 1942. The company has pivoted to a 100% underground bulk mining strategy, eliminating open-pit mining and cyanide use to minimize surface disturbance. The site features existing infrastructure, including 23km of underground workings, and is located near power, water, and transport links.

Management targets a Preliminary Feasibility Study (PFS) by Spring 2027, pilot plant testing in 2028, and commercial production by 2030. The company also holds exploration assets in Yukon and New Brunswick, which were spun out into Gold Orogen Resources (OROG) in February 2026.